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Five renovated residences, no inherited leases, and a clean slate to shape the income stream from day one. This vacant property brings together two studios, two one bedroom residences, and one two bedroom residence, creating a versatile mix with broad rental appeal. The 1920 building has been transformed with a modern look that carries from unit to unit without feeling repetitive. Rich green shaker cabinetry, crisp white subway tile, brass toned details, stainless steel refrigerators, freestanding electric ranges, and over the range microwaves give the kitchens memorable style, while bright interiors and updated lighting keep the spaces fresh and inviting. The two main level studios are efficient and polished, each with an updated bathroom and glass enclosed shower. The one bedroom residences add finished attic flex and storage areas beyond the stated rentable square footage, providing valuable flexibility and storage. Unit 5 delivers the largest layout with two bedrooms, a tub and shower combination, and direct access to an expansive fenced yard. The .36 acre corner parcel gives the property breathing room that is hard to find in a five unit offering. Seven paved off street parking spaces simplify daily living, and the broad lawn, covered porch, and separate entries create a more residential feel than a typical apartment building. Just south of downtown Canby, the property puts restaurants, shops, the Canby Public Library, Wait Park, and everyday services within easy reach, while Highway 99E connects residents to surrounding employment centers and the greater metro area. For an investor, the appeal is immediate: completed renovations, five vacant units ready for lease up, varied floor plans, useful tenant amenities, and the freedom to establish operations and rental strategy from the start. A rare chance to acquire a distinctive small multifamily asset with character, flexibility, and room to perform.

Five renovated residences, no inherited leases, and a clean slate to shape the income stream from day one. This vacant property brings together two studios, two one bedroom residences, and one two bedroom residence, creating a versatile mix with broad rental appeal. The 1920 building has been transformed with a modern look that carries from unit to unit without feeling repetitive. Rich green shaker cabinetry, crisp white subway tile, brass toned details, stainless steel refrigerators, freestanding electric ranges, and over the range microwaves give the kitchens memorable style, while bright interiors and updated lighting keep the spaces fresh and inviting. The two main level studios are efficient and polished, each with an updated bathroom and glass enclosed shower. The one bedroom residences add finished attic flex and storage areas beyond the stated rentable square footage, providing valuable flexibility and storage. Unit 5 delivers the largest layout with two bedrooms, a tub and shower combination, and direct access to an expansive fenced yard. The .36 acre corner parcel gives the property breathing room that is hard to find in a five unit offering. Seven paved off street parking spaces simplify daily living, and the broad lawn, covered porch, and separate entries create a more residential feel than a typical apartment building. Just south of downtown Canby, the property puts restaurants, shops, the Canby Public Library, Wait Park, and everyday services within easy reach, while Highway 99E connects residents to surrounding employment centers and the greater metro area. For an investor, the appeal is immediate: completed renovations, five vacant units ready for lease up, varied floor plans, useful tenant amenities, and the freedom to establish operations and rental strategy from the start. A rare chance to acquire a distinctive small multifamily asset with character, flexibility, and room to perform.

525 SW 4TH AVE, Canby

Prime downtown Canby investment and owner-user opportunity. This 3,114-square-foot, two-unit commercial building sits on a 0.27-acre parcel directly fronting First Avenue (Oregon Route 99E), where roughly 22,000 vehicles pass daily—delivering exceptional visibility and signage exposure in the heart of downtown. Zoned C-2 Highway Commercial, the property offers flexible use potential across two suites (Suite 1 has 1,056 SF and is occupied and Suite 2 has 2,058 SF and is vacant), ideal for an investor seeking dual income streams or an owner-user looking to occupy one space while leasing the other. The location pairs strong daytime traffic with a healthy surrounding trade area—more than 42,000 residents within five miles and median household incomes exceeding $98,000 within one mile—and offers convenient regional access, just 5 miles to Interstate-5 and 9 miles to Interstate-205.

Prime downtown Canby investment and owner-user opportunity. This 3,114-square-foot, two-unit commercial building sits on a 0.27-acre parcel directly fronting First Avenue (Oregon Route 99E), where roughly 22,000 vehicles pass daily—delivering exceptional visibility and signage exposure in the heart of downtown. Zoned C-2 Highway Commercial, the property offers flexible use potential across two suites (Suite 1 has 1,056 SF and is occupied and Suite 2 has 2,058 SF and is vacant), ideal for an investor seeking dual income streams or an owner-user looking to occupy one space while leasing the other. The location pairs strong daytime traffic with a healthy surrounding trade area—more than 42,000 residents within five miles and median household incomes exceeding $98,000 within one mile—and offers convenient regional access, just 5 miles to Interstate-5 and 9 miles to Interstate-205.

255 SW 1ST AVE, Canby

Gorgeous year-round territorial views of the Willamette River and surrounding valley on this lot size of just over one acre. A wall of vaulted windows and glass and metal railings on the 39x15 deck assure you get to enjoy the river views from outside or inside at all times. The main level has an amazing open floor plan with the kitchen, island eating bar, living room, and casual dining all open to vaulted ceilings. The generous 18x16 primary suite has tray ceilings, and ensuite bathroom with walk-in closet, double vanity sinks, tile shower, and clawfoot tub. The formal dining room, two bedrooms, full bath and laundry room complete the main level. The two upper rooms are perfect for bedrooms, or craft room, family room, or any space that fits your needs. The original owners included plumbing in the wall should the future owner want to add a third bathroom upstairs (buyer to verify). The home is set up with an electrical transfer switch for a secondary source of power using the generator in the garage. Seller will include the generator with a net full price offer. This will keep the kitchen, refrigerator, and the well pump running in the event of a power outage and the woodburning stove in the living room will keep the home warm and cozy. Plenty of parking with the attached oversized two car garage, or the freshly seal coated parking pad in front of the house. Mature established landscaping provides a beautiful look and privacy to this low maintenance lot. Other notable features include: $20K in security doors, attic with an easy access catwalk, Presidential roof, and a huge 10 foot high unfinished all plywood construction crawlspace which could lend possibilities for finishing out a third level.

4 Beds ⋅ 2 Baths ⋅ 344138457 MLS

Gorgeous year-round territorial views of the Willamette River and surrounding valley on this lot size of just over one acre. A wall of vaulted windows and glass and metal railings on the 39x15 deck assure you get to enjoy the river views from outside or inside at all times. The main level has an amazing open floor plan with the kitchen, island eating bar, living room, and casual dining all open to vaulted ceilings. The generous 18x16 primary suite has tray ceilings, and ensuite bathroom with walk-in closet, double vanity sinks, tile shower, and clawfoot tub. The formal dining room, two bedrooms, full bath and laundry room complete the main level. The two upper rooms are perfect for bedrooms, or craft room, family room, or any space that fits your needs. The original owners included plumbing in the wall should the future owner want to add a third bathroom upstairs (buyer to verify). The home is set up with an electrical transfer switch for a secondary source of power using the generator in the garage. Seller will include the generator with a net full price offer. This will keep the kitchen, refrigerator, and the well pump running in the event of a power outage and the woodburning stove in the living room will keep the home warm and cozy. Plenty of parking with the attached oversized two car garage, or the freshly seal coated parking pad in front of the house. Mature established landscaping provides a beautiful look and privacy to this low maintenance lot. Other notable features include: $20K in security doors, attic with an easy access catwalk, Presidential roof, and a huge 10 foot high unfinished all plywood construction crawlspace which could lend possibilities for finishing out a third level.

10202 S NEW ERA RD, Canby

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